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Nationwide My Savings

in Savings Accounts from Nationwide

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Nationwide My Savings

Unaffiliated

in Savings Accounts from Nationwide

SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

16 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Monthly Fee $0
APY (Annual Percentage Yield) 0.4% - 0.7%
APY Minimum Balance $1,000
Number of Reviews 16

Nationwide My Savings Review

Nationwide My Savings is offered by Nationwide, a financial services company founded in 1926 and based in Columbus, OH. Nationwide My Savings is available in 49 states (and Washington, DC).

Key Takeaways
  • Higher than average APY. Nationwide My Savings has an annual percentage yield of up to 0.7%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $1000.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • No ATM fees. Nationwide My Savings does not charge fees on ATM transactions.
  • ATM fee reimbursements. This account will reimburse you for ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through Nationwide.
Nationwide savings account Pros & Cons
Pros Cons
  • Available in 49 states.
  • Interest-yielding account.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Higher than average wire transfer fees.
Nationwide savings account FAQ

Are savings accounts from Nationwide federally insured?

No, your Nationwide savings accounts are not insured by a federal insurance agency. This means that if Nationwide were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

Does Nationwide offer a signup bonus?

Nationwide savings account doesn't offer a signup bonus.

What is the minimum initial deposit for Nationwide savings account?

The minimum deposit to open a Nationwide savings account is $100.
Nationwide My Savings Minimums
Description
APY Minimum Balance $1,000
Minimum Opening Deposit Starting at $100
Minimum Required Balance $0

What APY does Nationwide offer?

Nationwide savings account offers an APY starting at 0.4% and ranging up to 0.7% (APY stands for annual percentage yield, rates may change).

What fees does Nationwide savings account charge?

Nationwide savings account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $35 fee.
  • Outgoing international bank transfers come with a $45 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Nationwide savings account charges $5 every time you request a paper statement.

What features and perks does Nationwide savings account offer?

This savings account includes the following features:

  • ATM reimbursement - This account provides ATM access and will reimburse you for the ATM fees charged by other networks.
  • Fraud monitoring - Nationwide savings account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Nationwide savings account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

Can you set up a direct deposit to Nationwide savings account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Nationwide savings account?

The customer support email for Nationwide savings account is consumerprivacy@nationwide.com.

How do people rate the customer service and user experience of Nationwide savings account?

Overall, Nationwide savings account is strongly recommended based on community reviews that rate customer service and user experience.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 49 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $1,000
Minimum Opening Deposit Starting at $100
Minimum Required Balance $0
Monthly Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $25
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Outgoing) $45
Bauer Financial A+/A Rating
Account Features
  • No ATM Fees
  • Member FDIC
  • Bauer Financial A+/A Rating
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Fraud Monitoring
  • Mobile Banking
  • ATM Reimbursement
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.4% - 0.7%

Nationwide My Savings Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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